One report claimed that a leaching pit had overflowed at Tahoe's Shahuindo mine site, flooding a nearby village with toxic materialsRead full newsRead More
Think it's time for the rocking chair when you're in your 70s? Dakota Fred Hurt talks to us about the thrills and dangers of extreme mining on Gold Rush: White Water!Read full newsRead More
Global billet prices fell in the week to Friday January 19 as a result of weak demand and a lack of market activity.In Asia, Chinese mills lowered their offers to try to increase export sales amid weak seasonal domestic demand, but buyers continued to avoid China-origin cargoes. Sentiment was mixed in the Middle East, CIS and North African regions amid poor demand and a quiet market.ChinaDomestic...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base metals BHP revealed a strong set of results this week, with copper and zinc output up. US aluminium company Alcoa attributed a loss for the fourth quarter of 2017 to the closure of some operations and higher costs.The primary aluminium market was in a deficit of 1.57 million tonnes for...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base metals BHP revealed a strong set of results this week, with copper and zinc output up. US aluminium company Alcoa attributed a loss for the fourth quarter of 2017 to the closure of some operations and higher costs.The primary aluminium market was in a deficit of 1.57 million tonnes for...Read More
Global billet prices fell in the week to Friday January 19 as a result of weak demand and a lack of market activity.In Asia, Chinese mills lowered their offers to try to increase export sales amid weak seasonal domestic demand, but buyers continued to avoid China-origin cargoes. Sentiment was mixed in the Middle East, CIS and North African regions amid poor demand and a quiet market.ChinaDomestic...Read More
Perseus Mining (ASX,TSX:PRU) will soon start pouring gold from its Sissingu?(C) gold mine in C??te d'Ivoire, having delivered the first crushed ore to the mill and processing plant earlier this month.Dual-listed Perseus already has a producing mine, the Edikan gold mine in Ghana, which comprises a group of large gold deposits located in the Ashanti gold belt. The Sissingu?(C) mine would be the...Read More
Base metals prices on the London Metal Exchange mostly closed in positive territory on Monday January 22 on continued support from the weaker dollar.Lead prices closed back above $2,600 per tonne and close to seven-year high levels. The global refined lead market recorded a deficit of 169,000 tonnes year-to-date through November 2017, according to the International Lead & Zinc Study Group. "The st...Read More
Comex copper prices moved higher in the US morning on Monday January 22, gaining support from further losses on the dollar index. Copper for March settlement on the Comex division of the New York Mercantile Exchange rose 1.55 cents or 0.5% to $3.2030 per lb. Emerging demand outside of China and supply-side uncertainty...Read More
Aurubis AG has acquired Codelco's share in Deutsche Giessdraht, the copper wire rod plant in Emmerich, Germany, that both producers jointly owned, Aurubis said on Monday January 22. The transaction is subject to approval by Germany's federal anti-trust office. The financial terms of the transaction were not disclosed. Before the acquisition, Aurubis had a 60% stake in Deutsche Giessdraht and Chile...Read More
Bob Moriarty ArchivesJan 22, 2018I used to travel 2/3rds of the time. Barbara hated it. I hated it. American Airlines loved me. I had so many air miles the Captain would invite me up to the cockpit to chat about the problems with the ILS 28 approach into Hong Kong and I had to fly every third leg.Eventually I realized that I had seen most of the mining districts in the world. I was visiting projec...Read More
Gold and silver had a sharp run-up in the last two weeks of 2017. However, the abrupt move in gold has been accompanied by a rapid rise in the gold futures open interest on the Comex. Furthermore, based on the last COT report the banks have dramatically increased their net short position and the hedge funds have gotten, once again, extremely net long. I don't like the looks of the COT report r...Read More
Thor Mining (ASX:THR, THR.L) has released an updated reserve estimate on its Molyhil tungsten-molybdenum mine in Australia's Northern Territory. The reserve estimate now contains approximately 3.5 million tonnes at an average grade of 0.29% WO3 and 0.12% molybdenum. Whilst the added value of the molybdenum is pretty low (a grade of 0.12% works out to be less than 3 pounds of molybdenum per tonne o...Read More
Sirios Resources,... QMX Gold Corporation, Cartier Resources and Imperial Mining Group are four Canadian exploration companies that by our analyses, particularly while at low prices, merit our attention. One might consider that we have seen an early stage bull market in some mining stocks already. However, if our indications are correct, we are about to commence a major bull market in many g...Read More
Chinese ferro-silicon prices have dropped for a third week in a row amid a resumption in production in key producing Ningxia province, while the European market reported deals within the current record high and prices in the United States were also unchanged amid tight availability. Chinese consumers bid lower for ferro-silicon but most capacity still idled Europe assessment holds at high,...Read More
Back in November, Colonial Coal (CAD.V) released the long-awaited maiden resource estimate for its Flatbed coal project in British Columbia. This initial resource unveiled a total resource of 298 million tonnes in 8 different coal seams and was based on a mining width of at least 1 meter without going deeper than 900 meters from surface. The average (true) width of the seams ranges between 1.2 and...Read More
Manganese ore buyers secured cheaper offers for low-grade ore last week when they returned to the market for March material. Low-grade manganese ore prices falter even as activity picks upHigh-grade ore quotations stand firmOre buyers favor seaborne cargoes over port stocksAlloy prices stable in India and EuropeUS alloy prices strengthen on spot activity uptick amid harsh weather conditions Low-g...Read More
South32's alumina production declined by 4.5% year on year to 1.26 million tonnes in the December quarter of 2017, according to the company's quarterly report released last week.This brought the miner's total alumina output for its fiscal half-year ended December 31 to 2.54 million tonnes, down 3% from 2.61 million tonnes a year earlier.The miner's share of production at its Worsley Alumina asset...Read More
Germanium dioxide prices soared by 4.3% on Friday January 19 on the news that Teck Resources had declared a partial force majeure on metal sales from its zinc and lead smelting and refining complex, Trail Operations. Traders say germanium dioxide may soon start trading at a premium to germanium metal. Metal Bulletin assessed germanium prices at $1,350-1,450 per kg on an in-warehouse Rotterdam...Read More
HIVE Blockchain Technologies Ltd. (TSXV:HIVE) has started Ethereum mining operations and has the capacity to mine other digital currencies such as ZCash, and MoneroSmallCapPower | January 22, 2018: HIVE Blockchain Technologies Ltd. (TSXV:HIVE) announced recently that it has started Ethereum mining operations in its Sweden facility. The multi-phase buildout of a large-scale GPU-based mining complex...Read More